JSW Energy Expects Power Demand To Grow By Nearly 8% In Fourth Quarter

JSW Energy Ltd. expects power demand in the country to grow by nearly 8 percent in the fourth quarter of the current financial year, its Joint Managing Director and CEO Prashant Jain said.

“The power demand during the last year grew by 7.5 percent and in the third quarter of the current financial year it grew by 5.8 percent,” Jain told BloombergQuint in an interaction. “We are seeing green shots in power demand and expect it to grow 7.5-8 percent in the fourth quarter.

Key highlights from the conversation:

On Acquisition Plans:

Interested in buying some stressed power assets.

Various power projects under the process of coming under NCLT

We prefer bidding on stressed assets going through NCLT process.

We are open to acquiring assets in both thermal and renewable segments.

On Coal Supply

There is a shortage of coal supply in the power sector. However, it is not a concern for JSW Energy.

We are witnessing a downward trajectory in thermal coal prices. Read More